Form 4 for SERV Serve Robotics Inc. /DE/
Accepted 2024-12-09 00:00:00 ET · period of report 2024-12-05 · accession 0000950170-24-134659 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DMT | 2024-12-09 | 2024-12-05+ | SERV | Parang Touraj | Pres, COO, Dir | S - Sale+OE | $12.90 | -51.9K | 1.21M | -4% | -$669.6K |
| DMT | 2024-12-09 | 2024-12-06 | SERV | Parang Touraj | Pres, COO, Dir | M - OptEx | $0.86 | +14.4K | 1.21M | +1% | +$12.4K |
| DMT | 2024-12-09 | 2024-12-06 | SERV | Parang Touraj | Pres, COO, Dir | M - OptEx | $0.00 | -14.4K | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2024-12-09 | S | D | 4,527 | $12.27 | 1,208,912 | D | — | — | (F1) Represents shares of the Issuer's common stock sold to satisfy tax withholding obligations relating to the acquisition of shares of the Issuer's common stock in connection with the settlement of the vested portion of RSUs. Such sale was executed pursuant to provisions of a restricted stock unit agreement by and between the Issuer and the Reporting Person. (F4) Sale effected pursuant to a Rule 10b5-1 sales plan, adopted by the Reporting Person on September 9, 2024. (F5) The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $11.70 to $12.61, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. |
| 2 | Common | Common Stock | 2024-12-09 | S | D | 45,473 | $13.06 | 1,163,439 | D | — | — | (F1) Represents shares of the Issuer's common stock sold to satisfy tax withholding obligations relating to the acquisition of shares of the Issuer's common stock in connection with the settlement of the vested portion of RSUs. Such sale was executed pursuant to provisions of a restricted stock unit agreement by and between the Issuer and the Reporting Person. (F4) Sale effected pursuant to a Rule 10b5-1 sales plan, adopted by the Reporting Person on September 9, 2024. (F6) The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $12.75 to $13.17, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. |
| 3 | Common | Common Stock | 2024-12-05 | S | D | 815 | $9.55 | 1,200,141 | D | — | — | (F1) Represents shares of the Issuer's common stock sold to satisfy tax withholding obligations relating to the acquisition of shares of the Issuer's common stock in connection with the settlement of the vested portion of RSUs. Such sale was executed pursuant to provisions of a restricted stock unit agreement by and between the Issuer and the Reporting Person. (F2) The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $9.55 to $9.56, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. |
| 4 | Common | Common Stock | 2024-12-06 | M | A | 11,403 | $0.86 | 1,211,544 | D | — | — | |
| 5 | Common | Common Stock | 2024-12-06 | M | A | 2,993 | $0.86 | 1,214,537 | D | — | — | |
| 6 | Common | Common Stock | 2024-12-06 | S | D | 1,098 | $11.33 | 1,213,439 | D | — | — | (F3) Represents shares of the Issuer's common stock sold to satisfy tax withholding obligations relating to the acquisition of shares of the Issuer's common stock incurred upon the above-reported exercise of options. |
| 7 | Derivative | Stock Option (right to buy) | 2024-12-06 | M | D | 2,993 | $0.00 | 5,458 | D | $0.86 · — to 2033-06-06 | 2,993 Common Stock | (F8) The stock option vested as to 1/48 of the total number of shares on July 1, 2023, and an additional 1/48 of the total number of shares will vest on each monthly anniversary thereafter, until such time as the stock option is 100% vested, subject to the continuing employment of the Reporting Person on each vesting date. |
| 8 | Derivative | Stock Option (right to buy) | 2024-12-06 | M | D | 11,403 | $0.00 | 0 | D | $0.86 · — to 2033-06-06 | 11,403 Common Stock | (F7) The shares are fully vested. |